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Hindi News Business Four New Labour Codes Implemented In India: Fitness Test For Old Vehicles Up To 10 Times More Expensive, Royal Enfield Reveals Flying Flea S6 Electric Bike At Motovers 2025 New Delhi36 minutes ago copy link Yesterday’s big news was related to Byju’s founder Byju Raveendran. The American court has imposed a fine…
New Delhi: A US bankruptcy court has ordered Byju’s founder Byju Raveendran to pay over $1.07 billion, holding him personally liable for the movement and concealment of funds from Byju’s Alpha, the company’s US-based financing arm. The default judgment, issued by Judge Brendan Shannon of the Delaware Bankruptcy Court, follows Raveendran’s repeated failure to comply…
Delaware, USA20 minutes ago copy link By 2024, the valuation of Byju’s had become zero. Legal battles, a mountain of debt and operational instability doomed it. Byju Raveendran started it in 2011. The US court has imposed a fine of more than 1 billion dollars (9 thousand crore rupees) on Byju Raveendran, founder of debt-ridden…
Last Updated:May 18, 2025, 15:49 is By 2019, the company had achieved ‘Unicorn’ status with a valuation of over $1 billion. By 2022, the company’s valuation soared to $22 billion before plummeting to nil. Raveendran’s Byju has been battling lawsuits in India and the US. (Photo Credits: Instagram) Byju’s founder Byju Raveendran has acknowledged that…
No news Business Byju Raveendran Hits Back At ‘fugitive’ Claims Said, We Built In India, Paid Taxes In India New Delhi25 minutes ago Copy link Byju Ravindran started Byzus in 2011. Byju Founder and CEO Bayju Ravindran said that he is not a fugitive. He denied the fugitive allegations against him. Bayju Ravindran said that…
In the latest statement, the lenders have raised their total claim to $1.5 billion. New Delhi: Byju Raveendran, the founder of troubled edtech firm Byju’s, on Thursday said that he is willing to pay back all the money owed to lenders if they are willing to work with him. During a two-and-a-half-hour call with the…
Byju’s is undergoing insolvency following a Supreme Court order (File) New Delhi: Byju’s audit firm BDO had suggested backdating of reports, which the company refused, and their resignation is more of optics, a top official of the edtech firm alleged on Saturday. Speaking on the resignation of BDO as its audit firm, Byju’s CEO Byju…
New Delhi: In a big relief to Byju’s, the National Company Law Appellate Tribunal (NCLAT) on Friday set aside the insolvency proceedings against the embattled edtech firm after approving its settlement with the Board of Control for Cricket in India (BCCI) in connection with the repayment of dues amounting to over Rs 158 crore. The…